One 97 Communications Limited (OCL), which owns the brand Paytm, has received the nod from NPCI to start the user migration to new Payment System Provider (PSP) bank handles, the company informed the stock exchanges in a filing on Wednesday. Following NPCI’s approval on March 14, 2024 to onboard OCL as a Third-Party Application Provider … Read more
Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license by the country’s payments authority, which will enable it to facilitate payments after its banking unit ceases operations. The license will allow customers to continue using the Paytm app for payments through India’s popular unified … Read more
India, despite its sceptic stance towards cryptocurrencies, is all in favour of conducting research and development around blockchain – the underlaying technology that powers cryptocurrencies. In a fresh development, the National Payments Corporation of India (NPCI) has joined forces with the Indian Institute of Science (IISc), Bengaluru. The aim of this partnership is to conduct … Read more
The Reserve Bank of India said on Friday it has asked the National Payments Corporation of India (NPCI) to examine a request from Paytm, formally known as One 97 Communications, to become a third party application provider (TPAP). If approved, this would allow Paytm to continue processing payments via India’s popular unified payments interface (UPI), … Read more
The Reserve Bank of India said on Friday it has asked the National Payments Corporation of India (NPCI) to examine a request from Paytm, formally known as One 97 Communications, to become a third party application provider (TPAP). If approved, this would allow Paytm to continue processing payments via India’s popular unified payments interface (UPI), … Read more
Google Pay and National Payments Corporation of India (NPCI) will work together to expand Unified Payments Interface (UPI), the instant payments system widely used in the country, to international markets, Google and NPCI confirmed Wednesday. A Memorandum of Understanding (MoU) has been signed between Google Pay India and NPCI subsidiary, NPCI International Payments Ltd (NIPL), … Read more
India’s Unified Payment Interface (UPI) services were on Monday rolled out in Sri Lanka and Mauritius, with Prime Minister Narendra Modi describing it as linking historic ties with modern digital technology. India’s RuPay card services were also launched in Mauritius at a virtual ceremony attended by Prime Minister Modi, his Mauritian counterpart Pravind Jugnauth and … Read more
The launching of UPI services in Sir Lanka and Mauritius enables the availability of UPI settlement services for Indian nationals travelling to Sri Lanka and Mauritius as well as for Mauritian nationals travelling to India. | Photo Credit: The Hindu India’s Unified Payment Interface (UPI) services were on February 12 rolled out in Sri Lanka … Read more